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Weekly Markets Monitor: Gold flirts with support
Last week saw easing geopolitical tensions and some trade policy progress. Economic data showed mixed trends: U.S. indicators soft, euro area sluggish, and the UK, Japan and India improved. Global equities rose, with U.S. benchmarks hitting new highs, while Treasury yields and the dollar fell, and oil prices declined. Gold has broken key support from its medium-term 55-day average despite a weaker USD and lower bond yields to warn of a more protracted correction/consolidation. US job market stats are key this week following a tandem decline in the US 2-year Treasury yield and dollar – as the Fed’s Bowman joined ... (full story)
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- Jun 30, 2025 7:33am Posted byFundamental Analysis213
